FED UPDATE CNN: He always says that the FED only does what is good for the economy and for the people, nothing else? Former President Trump believes that the President of the United States must have a voice in the decisions of the FED? FED: The separation between the central bank and the incumbent presidential administration is an important idea. When you combine the presidential administration with the central bank, then the decisions may be good for the incumbent president but not good for the US economy.